Allen & Overy bolsters Africa presence with South Africa launch

Wednesday, October 8, 2014

Allen & Overy today announces a significant investment in its Africa platform with the launch of an office in Johannesburg, South Africa. This makes Allen & Overy the first of the global elite law firms to establish a presence on the ground in South Africa.

The Johannesburg office will comprise a team of leading South African lawyers, led by partner Lionel Shawe and Michael Duncan, one of the City of London’s leading banking lawyers and former head of A&O’s banking practice, who will be relocating to Johannesburg. More >>

Tags:  Allen & Overy LLP | Johannesburg

Move Signs Agreement to Sell to News Corp for $950 Million

Wednesday, October 8, 2014

Cooley is advising Move, Inc. on its $950 million pending sale to News Corporation. The deal is the largest acquisition thus far for News Corp, according to The Wall Street Journal.

Move is a leading online real estate business that operates the real estate listings sites Realtor.com and Move.com. Publishing company News Corp owns The Wall Street Journal and Dow Jones Newswires. The acquisition is said to accelerate News Corp’s digital and global expansion by making online real estate a powerful component of its portfolio. More >>

Tags:  Palo Alto | Silicon Valley

Goodwin Procter Advises Gallus BioPharmaceuticals in Sale to DPx Holdings

Wednesday, October 8, 2014

Goodwin Procter attorneys recently advised Gallus BioPharmaceuticals in its sale to DPx Holdings, parent company of Patheon, DSM Fine Chemicals and Banner Life Sciences. Goodwin also advised financial sponsor Ridgemont Equity Partners of Charlotte, N.C. and the senior management team of Gallus in the transaction. The transaction closed on September 29, 2014. More >>

Tags:  Goodwin Procter LLP | Boston | Washington

Hilton Worldwide to Sell Waldorf Astoria New York for $1.95 Billion

Tuesday, October 7, 2014

Simpson Thacher is representing Hilton Worldwide Holdings Inc. (“Hilton Worldwide”) in its announced agreement with Anbang Insurance Group Co. Ltd. (“Anbang”) to sell the Waldorf Astoria New York for $1.95 billion. Hilton Worldwide will be granted a management agreement by Anbang to continue to operate the property for the next 100 years. More >>

Tags:  New York

Weil Advises Goldman Sachs in $9.1 Billion Bridge Financing for Becton Dickinson’s $12.2 Billion Acquisition of CareFusion

Tuesday, October 7, 2014

A Weil team advised Goldman Sachs in providing $9.1 billion of fully committed bridge financing to Becton Dickinson & Co., a leading medical technology company, to finance its $12.2 billion acquisition of CareFusion Corp., a global healthcare company that provides products and services to hospitals. The transaction, which is expected to close in the first half of 2015, will create a global leader in medication management and patient safety solutions. More >>

Tags:  Weil, Gotshal & Manges, LLP | New York | Washington

White & Case Advises Abu Dhabi Water & Electricity Authority on US$1.2 Billion Mirfa Financing

Tuesday, October 7, 2014

Global law firm White & Case LLP has advised the Abu Dhabi Water and Electricity Authority (ADWEA) on the successful financial close of the US$1.2 billion Mirfa Independent Water and Power Project.

“This transaction represents the tenth independent water/power project that White & Case has advised on for ADWEA, which began its power sector privatization in 1997,” said White & Case partner Michael Watson. “This is another important project for Abu Dhabi and demonstrates the continued success of the ADWEA privatization model.” More >>

Tags:  White & Case LLP | Abu Dhabi

Wilson Sonsini Goodrich & Rosati Expands Delaware Presence

Tuesday, October 7, 2014

Wilson Sonsini Goodrich & Rosati, the premier provider of legal services to technology, life sciences, and other growth enterprises worldwide, is pleased to announce that the firm has opened a new office in Wilmington, Delaware. The Wilmington office will focus on key Delaware practices, including corporate law, corporate governance counseling, special committees, internal investigations, and litigation relating to mergers and acquisitions, governance, and securities matters. More >>

Tags:  Wilson Sonsini Goodrich & Rosati | Wilmington

Cahill Represents Underwriters in Initial Public Offering by VWR Corporation

Tuesday, October 7, 2014

Cahill represented Merrill Lynch, Pierce, Fenner & Smith Incorporated as lead underwriter and the other underwriters in connection with the Initial Public Offering of 25,532,000 common shares of VWR Corporation (NASDAQ: VWR), a leading independent provider of laboratory products, services and solutions to the global life science, general research and applied markets, resulting in gross proceeds of $536,172,000. Proceeds were used to refinance existing indebtedness and for general corporate purposes.

Tags:  Cahill Gordon & Reindel LLP | New York